GraniteShares 2x Long NOW Daily ETF (NOWL) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NOWL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NOWL
NOWL charges 1.50% annually. There are 406 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | NOWL vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | NOWL vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | NOWL vs SPUU | |
| Leverage Shares 2X Long TSM Daily ETF | 0.75% | 32.98M | Jan 2025 | NOWL vs TSMG | |
| Leverage Shares 2X Long BIDU Daily ETF | 0.75% | — | Dec 2025 | NOWL vs BIDG |
Best Risk-Adjusted Alternatives to NOWL
Among 267 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | NOWL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | NOWL vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | NOWL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | NOWL vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 509.42M | Feb 2025 | NOWL vs INTW |
Top Performing NOWL Alternatives (YTD)
NOWL is at -62.15% YTD. There are 327 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 738.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 738.32% | 162.40M | Feb 2025 | NOWL vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 575.80% | 6.16B | Oct 2024 | NOWL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 555.59% | 923.53M | Nov 2024 | NOWL vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 395.01% | 101.49M | Nov 2025 | NOWL vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 394.65% | 509.42M | Feb 2025 | NOWL vs INTW |
Lowest Volatility Alternatives to NOWL
NOWL has 104.54% 1-year volatility. There are 270 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.77% | 22.82M | Apr 2021 | NOWL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | NOWL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.40% | 13.45M | Jul 2021 | NOWL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.50% | 20.95M | Jul 2021 | NOWL vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.55% | 69.49M | Apr 2021 | NOWL vs XDSQ |
Lowest Drawdown Alternatives to NOWL
Among 267 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | NOWL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | NOWL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | NOWL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | NOWL vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | NOWL vs XDSQ |
Other ETFs from GraniteShares
The 10 most viewed GraniteShares ETFs shown here include NVDL, TSYY, BAR and span 8 categories. AUM among these funds goes as high as $4B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long NVDA Daily ETF | Leveraged Equities, Technology Equities | 17 | 4.65% | 3.82B | Dec 2022 | NOWL vs NVDL | |
| GraniteShares YieldBOOST TSLA ETF | Derivative Income, Options Trading, Actively Managed | 6 | -17.57% | 73.72M | Dec 2024 | NOWL vs TSYY | |
| GraniteShares Gold Trust | Gold, Precious Metals | 22 | -7.30% | 1.37B | Aug 2017 | NOWL vs BAR | |
| GraniteShares 2x Long PLTR Daily ETF | Leveraged Equities | 6 | -56.90% | 295.90M | Sep 2024 | NOWL vs PTIR | |
| GraniteShares 2x Long AMD Daily ETF | Leveraged Equities | 95 | 338.65% | 1.30B | Mar 2024 | NOWL vs AMDL | |
| GraniteShares Platinum Trust | Precious Metals | 15 | -22.06% | 169.16M | Jan 2018 | NOWL vs PLTM | |
| GraniteShares 2x Short TSLA Daily ETF | Inverse Equities | 3 | -1.29% | 29.93M | Aug 2023 | NOWL vs TSDD | |
| GraniteShares 2x Short NVDA Daily ETF | Inverse Equities | 3 | -30.35% | 53.76M | Aug 2023 | NOWL vs NVD | |
| GraniteShares 2x Long META Daily ETF | Leveraged Equities | 6 | -14.12% | 229.45M | Dec 2022 | NOWL vs FBL | |
| GraniteShares 2x Long TSLA Daily ETF | Leveraged Equities | 15 | -34.20% | 93.87M | Aug 2023 | NOWL vs TSLR |
Often Compared With NOWL
Investors most often compare NOWL with KLAG, BEG, HOOG. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare NOWL with Any Fund or Stock
Compare NOWL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NOWL with funds that move differently
GraniteShares 2x Long NOW Daily ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NOWL.
Explore NOWL Diversifiers